Encana released its 2015 capital budget this week, much to the chagrin of all those Haynesville Encana landowners. The company is so liquids-focused that it doesn't even label its gas plays on the map in its corporate presentation. It instead generally refers to its natural gas leaseholds as "Natural gas optionality."
But liquids and oil is where it's at for Encana, $56 oil be damned! The company is dodgy about the total capital budget for 2015 - I'm sure they talked about it on the conference call, but since they aren't spending much of anything in the Haynesville, I don't care enough to dig around for it. The bottom line is if it ain't liquid, Encana ain't chasin' it.
Better luck next year!